Nov 2023: The Economic Times reported that in the last three years, state-sponsored cyber-attacks against India were up by 278%.
According to MarkNtel Advisors study, The Global Military Cybersecurity Market size was valued at around USD 15.5 billion in 2023 & is estimated to grow at a CAGR of around 6.6% during the forecast period, i.e., 2024-30.
The increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) in Military Cybersecurity systems is witnessing a remarkable jump. These advancements are capable of revolutionizing the effectiveness and performance of military operations and ability. ML models developed on the vast amount of data automatically detect the suspicious and malicious activities present in the system and raise alerts for them.
The AI based on such models can automate the whole process reducing the dependency on human intervention while also providing greater flexibility. This will also reduce the costs associated with constantly training the new workforce to operate the system.
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Key Findings in Military Cybersecurity Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Military Cybersecurity Market Key Players:
Lockheed Martin, Northrop Grumman, BAE Systems, Raytheon Technologies, Thales Group, Airbus, General Dynamics, Booz Allen Hamilton, IBM Corporation, Intel Corporation, Cisco Systems Inc., L3Harris Technologies, Palantir Technologies, Sopra Steria, Leidos, and others.
Market Segmentation Overview:
By Security Type
-Network Security
-Cloud Security
-Endpoint Security
-Application Security
-Data Security
-Others
By Solution
-Threat Intelligence and Response
-Identity and Access Management
-Data Loss Prevention Management
-Security and Vulnerability Management
-Unified Threat Management
-Enterprise Risk and Compliance
-Others
When considering the segmentation based on the solutions, security and vulnerability management will be the dominant player in the Global Military Cybersecurity Market over the forecasted period. As there are constant advancements in technological abilities not just for the militaries but also for the attackers hence there is a constant need to plug the gaps in the vulnerabilities of the system in the face of such evolving adversaries. Such scenarios will likely continue in the future with the advancement in technologies and militaries constantly trying to create strategic leverage over their enemies. These trends will propel the market and provide the key players with immense opportunities in it.
By Services
-Professional Services
-Managed Services
-Training and Education
By Deployment
-On-premises
-Cloud
By End User
-Land Force
-Naval Force
-Air Force
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By Region
- The UAE
- Saudi Arabia
- Kuwait
- Qatar
- Oman
- Bahrain
The Military Cybersecurity Industry Recent Development:
July 2024: NATO and its allies to establish an Integrated Cyber Defense Centre (NICC) which will inform about the vulnerabilities present in cyberspace of NATO and its allies to NATO military command.
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